CSP, four yuan / red LED help, crystal electric Q3 turn surplus

LED chip maker EPISTAR third quarter of this year due to rising productivity and product prices, driven by gross margin positive to 13.69%, a single quarter industry profit 190 million yuan (NT, the same below), but due to industry losses attributable to owners of the parent net profit of only about about 3000000 yuan. Accumulated in the first three quarters are still loss of $3.18 per share. Fourth quarter backlight kinetic energy weakened, but Blu ray, red LED orders are still supported, is expected in the fourth quarter of revenue may cool, but the decline is limited assessment.

The third quarter of this year due to crystal electric utilization rate and product prices, driven by gross margin positive to 13.69%, a single quarter industry profit 190 million yuan. (source: crystal)

The crystal is LED / LED, and it is used in panel backlight, lighting, Kanban, automotive lighting and other niche markets. The factory is located in Hsinchu, Miaoli, Tainan, and Mainland China, Changzhou, Shenzhen, and other regions. It is mainly used in TV backlight, lighting, consumer electronics, display, pen / monitor backlight. This year, the focus of the product, including CSP chip, four yuan / red LED, infrared products, etc..

After the company's internal production equipment adjustment, product mix optimization, coupled with market demand picks up, part of the LED grain price rebound in the second quarter of this year, gross margin positive, industry losses, but because of industry assets impairment and investment losses, resulting in the continued deterioration of tax losses. The third quarter because of productivity promotion, product prices, single quarter revenue compared with the previous quarter, gross margin increase more than 13%, the industry came to turn into profits. But the industry continued losses, resulting in a single quarter of meager profits.

Outlook for the fourth quarter, backlight demand gradually into the off-season, but because of the company's Blu ray and red LED orders are still supported, the market is expected, although the fourth quarter revenue will cool, but the decline may be limited.

Crystal 2016 third quarter revenue of about 6 billion 590 million yuan, the 0.5% quarter growth, the annual increase of approximately 6.7%, gross margin is over in 13.69%, operating profit 190 million yuan, the industry profit, but due to the loss of industry (exchange rate losses, financial losses and so on), a single quarter net profit of only about 53 million yuan, net profit attributable to owners of the parent only 3 million 50 thousand yuan.

Accumulated in the first three quarters of revenue of about $19 billion 205 million, an annual decrease of 1.98%, operating losses of up to $1 billion 680 million, net loss attributable to owners of the parent company reached $3 billion 387 million, a loss of $3.18 per share.

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